MedicX Fund Limited has announced that following a period of consultation, the directors have determined that it is in the best interests of shareholders as a whole to convert to a Real Estate Investment Trust (“REIT”). It is intended that an EGM will be held later this financial year, allowing shareholders the opportunity to vote […]
Wolf Minerals has reported a net loss after tax for the six months to 31 December of A$37.7m, an increase from the A$24.3m loss reported in the corresponding period of 2015. The total loss (including items affected by exchange rate movements) amounted to A$50.6m (2015: loss of A$31.5m). After revenue from sales of tungsten and […]
Shareholders of the £122m Aberdeen Frontier Markets investment company have voted in favour of shifting the trust from a fund of funds mandate to direct investing, while bringing in Devan Kaloo and Joanne Irvine as lead managers. The trust previously followed… you can read more here
LondonMetric Property Plc has sold three retail parks in Christchurch, Bedford and Maidstone for GBP60.9 million (LondonMetric share: GBP52.6 million). At Christchurch, the 104,000 sq ft retail park has been sold to clients of Orchard Street Investment Management for GBP34.5 million, reflecting a NIY of 5.65%. The property was purchased in 2013 for GBP27.1 million and […]
Polar Capital Global Healthcare Growth and Income Trust has announced brief details of its proposals for the future of the Company. Subject to the approval of shareholders and regulatory approvals as required, it is proposed that: the existing investment mandate is changed to a growth mandate; there will be a dividend going forward, but at a lower level than before; the name […]
For the year ended 31 December 2016, Fidelity European Values says that its net asset value total return per ordinary share was 17.6%, underperforming the Benchmark Index, the World Europe (ex-UK) Index, which returned 19.7%. The share price total return, however, lagged the NAV return at 7.6%, as a result of the level of discount (ex-income) […]
Aberdeen Frontier Markets Investment Company has announced that both of the resolutions put forward at the EGM held today have been passed. As described in the circular to shareholders and notice of EGM dated 3 February 2017, resolution 1 was to approve the new Investment Objective and Policy of the Company and resolution 2 was […]
LMS Capital has announced preliminary results for the year ended 31 December 2016. At the general meeting on 16 August 2016 shareholders voted in favour of proposals to change the Company’s investment policy so that the Company may now make new investments focused on private equity opportunities. On the same date the Company appointed Gresham House […]
Premier Energy & Water says that for 2016 its gross assets total return, which measures the total return of the portfolio, including income received and taking into account fees and costs, was 17.9%. This was ahead of the UK market but behind the total return seen by the All-World Utilities Index, which returned 28.7% in GBP […]
MedicX Fund Limited has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Cromer, Norfolk. The property is due to be completed in March 2018. The acquisition is being made under a new three year framework agreement which provides MedicX Fund the exclusive right to acquire, by way of […]
